Microsoft has offered to buy the search engine
company Yahoo for $44.6bn (£22.4bn) in cash and shares.
...62% above Yahoo's closing share price...
There has not yet been any comment from Yahoo.
company Yahoo for $44.6bn (£22.4bn) in cash and shares.
...62% above Yahoo's closing share price...
There has not yet been any comment from Yahoo.
<http://news.bbc.co.uk/1/hi/business/7222114.stm>
Many people's take on this is that Yahoo may reconsider talks Google as another option, assuming that they wish to sell.
ReplyDeleteApparently Google made a $31/share bid several months ago that was reportedly believed undervalued by Yahoo.
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This <Wall Street Journal article> says that the Yahoo board has rejected, or decided to reject, Microsoft's offer. It says the board decided that anything under $40 per share undervalues the company. Don't confuse the $44.6 billion offer as $44 per share. Apparently the offer was less than $35 a share.
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